Barneys New York Looking for Downtown Flagship

The Postrecently reported rumors that Barneys' Chelsea Co-Op would be closing, and now it has been confirmed that the 18th St store will shut it's doors on March 1st. But have no lower Manhattan. Sources told WWD that the retailers is looking for multiple options downtown, including a potential new Co-Op flagship.

"While we have no immediate plans to replace the Chelsea store downtown, we believe that there remains significant opportunity for Barneys in downtown Manhattan to replace and expand upon this store closing, and our historic business, and are continuing to look at multiple real estate options for the medium to long term," a Barneys spokeswoman said.

Finding a flagship-sized location in Manhattan isn't going to be the easiest. To give you an idea, the former flagship at Seventh Avenue and 17th Street had 100,000 square feet of space and the current Madison Avenue flagship, between 60th Street and 61st Street, has 230,000 square feet.

We will keep you posted as the hunt for a new Barneys' Co-Op continues. In the meantime, get yourself prepped for the last 18th St. warehouse sale set for mid-February.